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Tag Archives: #RALLY

Observing The Rally With Market Profile

I have stitched together the last eight days of market profile in the /NQ_F, the electronic futures contract representing the NASDAQ 100.  Before doing so, I went through the price action and separated the profiles in to the proper distributions.  The resulting picture is an informative piece which we can use to measure future inflection points against and also analyze real time.

Given the macro nature of market activity recently, I decided to use the 24-hour profiles in this representation because I feel it shows the true auction taking place as money sloshes around the globe around the clock.

I have noted the observations I deemed significant, and the subtle shifts in sentiment leading up to the rally.  Do you see anything that interests you?  Click and enlarge this one, it is pretty huge:

NQ_correction_Bottom_022014_w_notes

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